American Woodmark Co. (NASDAQ:AMWD) Director Sells $100,987.50 in Stock

American Woodmark Co. (NASDAQ:AMWD) Director James G. Davis sold 1,250 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of $80.79, for a total transaction of $100,987.50. Following the sale, the director now directly owns 24,573 shares in the company, valued at $1,985,252.67. This trade represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

American Woodmark Stock Performance

American Woodmark stock opened at $79.93 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The firm’s fifty day moving average price is $90.73 and its 200 day moving average price is $89.76. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 11.95 and a beta of 1.59. American Woodmark Co. has a 12-month low of $76.57 and a 12-month high of $106.57.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.29). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The company had revenue of $452.50 million for the quarter, compared to the consensus estimate of $458.29 million. During the same quarter last year, the company earned $2.36 earnings per share. The company’s revenue was down 4.5% compared to the same quarter last year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Loop Capital dropped their price objective on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Robert W. Baird boosted their target price on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $114.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in American Woodmark by 34.7% in the third quarter. JPMorgan Chase & Co. now owns 46,463 shares of the company’s stock worth $4,342,000 after purchasing an additional 11,975 shares during the period. Franklin Resources Inc. lifted its stake in shares of American Woodmark by 249.1% in the 3rd quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock worth $9,572,000 after acquiring an additional 72,600 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of American Woodmark in the third quarter valued at approximately $266,000. Barclays PLC increased its stake in shares of American Woodmark by 267.9% during the third quarter. Barclays PLC now owns 31,316 shares of the company’s stock valued at $2,927,000 after acquiring an additional 22,804 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its holdings in American Woodmark by 4.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 3,049 shares of the company’s stock worth $285,000 after purchasing an additional 122 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.